Business brief

State seeking economic development proposals

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The New Mexico Economic Development Department is seeking economic development proposals from communities for housing, business, infrastructure and community development projects. The deadline for communities to submit a project for consideration is Dec. 1.

The state will host the next FUNDIT meeting Dec. 12 to help local leaders identify funding for economic development projects. New Mexico FUNDIT, is a streamlined approach to help communities identify funding opportunities in one centralized location by bringing local, state and federal funding agencies together to analyze and compare proposals for capital projects.

New Mexico FUNDIT is an informal group of funding agencies that meets regularly to review potential projects. Over 13 federal and state entities are represented in the group. Their goal is to improve the effectiveness of project review and support, while ensuring communities have the information they need to obtain full funding for projects.

Projects should be of public interest; projects from commercial businesses are not eligible for this program.

The meeting will take place from 1:30 - 3:30 p.m. The meeting is Tuesday, Dec. 12, at WESST, 609 Broadway Blvd. NE, Albuquerque, NM 87102. For more information, to submit a project application or to sign up contact Johanna Nelson at Johanna.Nelson@state.nm.us, (505) 827-0264.

 

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